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Several
years ago
Triple Point
embarked on a
strategy of
creating a
multi-commodity
platform that
would support
the unique
attributes of
each asset
class while providing efficiencies
across the back office and enabling
aggregated enterprise-wide risk
management. Commodity XL™ has
been commercially available for a few
years and I'm thrilled to report that in
2006 customers confirmed the
strategy with their overwhelming
selection of the solution relative to
competitive products. Commodity XL
had tremendous success across all
commodities including natural gas,
power and oil. In addition, financial
institutions which have some of the
most demanding functional and
technical requirements, spanning all
commodities, repeatedly chose the
Triple Point solution.
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Dominating the Physical Gas Market
Commodity XL for Gas™ dominated the physical natural gas market in 2006, being selected by clients such as Glencore, Kerr- McGee, Sumitomo, UBS, HydroWingas and Lehman Brothers. 'Visual Cockpit'™ is the only physical gas scheduling module to provide a comprehensive view of the natural gas business and contain all the functionality required to efficiently schedule gas.
Emerging as Leader in
Power
We have extended our reach in the
utilities market by adding Alliant Energy to our customer base that
includes Cinergy, Duke, GUVNL and
Westar. Commodity XL is the only true
end-to-end solution to manage the
volatility and complex nature of
trading and scheduling power, as can
be attested to by the growing list of
clients.
Continued Success at
Financial Institutions
Commodity XL continued to be the
first choice for financial institutions in
2006. Building on previous elections
at UBS and Lehman Brothers and our
long standing relationship with
Morgan Stanley, we recently added
another premier investment bank (to
be announced) to our list of blue chip
clients. We now count seven top
financial institutions as clients.
Commodity XL 6.0
Triple Point invests over 25% of
revenue in research and development
each year to ensure continued product
leadership. Our customers have come
to expect the best technology and
functionality in the market from Triple
Point and the recently released
Commodity XL 6.0 has far exceeded all
expectations. In independent lab
testing Commodity XL 6.0, already the
best performing solution in the market,
measured a 5X improvement in
performance in addition to having over
300 new functional items.
Conclusion
Commodity XL has proven to be the
best solution in the market and
delivers unparalleled value to
customers. I hope you find the feature
article on Commodity XL along with the
accompanying excerpts from other
published articles informative. |
